Battle Over ‘Sam Coins’: FTX Customers Demand Millions From Bankrupt Crypto Firm
Summary
FTX customers are demanding higher payouts for three digital tokens, known as “Sam Coins,” despite the company's bankruptcy. The tokens' valuation is disputed, with customers claiming they are worth hundreds of millions, while the company's advisers propose a minimal value. The case is set for final arguments in federal court. The tokens are linked to convicted co-founder Sam Bankman-Fried and played a role in the fraudulent scheme that led to FTX's collapse. The native token FTT has seen a 3% decline, while Serum (SRM) dropped over 5%, MAPS increased by 9.4%, and Oxygen (OXY) surged by 15% in the past 24 hours.
